Direct Fed Microbials Market Size and Growth Rate
Global Direct Fed Microbials Market Overview:
Direct fed microbials (DFM) are defined as the products that
contain live microorganisms. They are used for animal growth. A new report on
the global direct fed microbials market, published by Market Research Future
(MRFR),
The Global Direct
Fed Microbial Market Size is expected to reach USD 1775 Million by
2030, registering a CAGR of 7.8% from 2022 to 2030.
The most crucial market drivers for the global direct fed
microbials market growth is the essential role of DFM with regards to
increasing the digestibility of the feed. DFM is also useful for aiding
performance, enhancing the nutrient absorption, and reducing the feed
cost. The ban on antibiotics as growth
promoters is opening new avenues of growth for the DFM market. Other market
drivers contributing to the market growth include increasing awareness about
animal health among the rearers as well as consumers, and subsequent growing
demand for precision nutrition. However, the variation in the regulations
regarding the consumption of microbes in food and feed can hamper market
growth.
Regional Segmentation:
A geographical outlining of the global direct fed microbials
market covers North America, Asia Pacific, Europe, and Rest of the World (RoW).
During the forecast period, North America is expected to
have a sway over global market due to the growing demand for natural and
organic feed. Increasing awareness regarding the benefits of direct fed
microbials is also contributing to the market growth. Presence of key market
players and standards set by the government in countries like the USA regarding
the food safety and quality due to the occurrences of diseases such as avian
influenza and foot & mouth disease are also boosting the market. Canada and
Mexico are two other important country-specific markets in this region after
the USA.
During the forecast period, the market in Europe can witness
significant growth due to the ban imposed on antibiotics in European countries.
Rising demand for poultry and swine products in this region can boost market
growth. The important country-specific markets in this region are France,
Germany, Italy, Spain, and the UK.
Asia Pacific region is the fastest-growing regional market.
China is the major contributor of the meat industry and thus, requires a huge
amount of the direct fed microbial. Population growth and increasing
consumption of livestock in developing countries of Asia Pacific are boosting
the market. India and Japan are two other major country-specific markets in
this region.
The RoW segment covers Africa, the Middle East, and South
America. In this region, the market can surge due to an increase in demand for
protein intake from meat. In South America, the biggest country-specific market
is Brazil.
Key Players:
Big players in the global direct fed microbials market
include Alltech Inc. (USA), American Biosystems Inc. (USA), Archer Daniels
Midland Company (USA), Biomin Holding GmbH (Austria), Bio-Vet (USA), Cargill
Inc. (USA), Chr. Hansen Holding A/S (Denmark), DowDuPont (USA), DSM N.V.
(Netherlands), The Fertrell Company (USA), Kemin Industries Inc (USA),
Lallemand Inc. (Canada), Micron Bio-Systems (USA), Novus International Inc.
(USA), and Novozymes (Denmark).
Market Segmentation:
The global
Direct Fed Microbials Market Overview segmentation encompasses
form, livestock, and type. MRFR’s take on the market explores various facets of
the market in-depth.
The form-based segmentation of this market covers dry and
liquid. The dry form holds the major market share due to its long shelf life
and many advantages in animal feed.
Regarding livestock, the market has been segmented into
poultry, ruminants, swine, and others. Among these segments, the poultry
segment dominates the market due to the increasing demand for poultry meat. The
demand is increasing due to the nutritive value of poultry meat. Cattle segment
is the second-largest market segment.
By type, this market has been segmented into bacillus
subtilis, lactic acid bacteria, yeast, and others. During the forecast period,
the lactic acid bacteria segment can rise as the fastest growing market segment
due to its convenience of usage and high effectiveness.
Latest Industry News:
• Phibro Animal Health Corporation has acquired the Osprey
Biotechnics Inc., owning all of its business and assets. Osprey Biotechnics
Inc. is a privately held developer and marketer of innovative microbial products.
2 AUG 2019.
About Market Research Future:
Market Research Future (MRFR) is a world-renowned market
research company that offers a wide range of services, complete with accurate
and precise analysis about diverse markets, sub-markets and target consumers.
Our approach is a combination of extensive information and multiple data
sources that help provide an exhaustive comprehension about the latest major
developments to the client, in addition to future events and what measures and
decisions to take on the basis of the same.
Our fast-emerging market research firm is armed with an
adept research analysts’ team that focuses on gathering useful data and
analytics in terms of economic and technological advances. Our proficient
analysts conduct industrial visits in a bid to achieve reliable and accurate
information from established market participants. One of our foremost
objectives is to keep the client well-versed with all the lucrative
opportunities as well as challenges surrounding various global markets. We
offer step-by-step guidance to our clients, through consulting and strategic
services, enabling them to arrive at a practical and effective decision.
Contact Us:
Market Research Future (part of Wantstats Research and Media
Private Limited),
99 Hudson Street, 5Th Floor,
New York, New York 10013
United States of America
+1 628 258 0071
Comments
Post a Comment